Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu
By Yinka Kolawole President Bola Tinubu has declared that Nigeria will no longer be content with exporting raw materials and importing finished products, saying the country is determined to become Africa’s industrial workshop. Tinubu, who was represented by the Minister of State for Industry, Sen.John Enoh, spoke at the 6th Adeola Odutola lecture and Presidential […]
Nigeria’s manufacturing upgrade tops China’s economic pact —Consul General
By Nkiruka Nnorom & Marvellous Chukwunenye The planned upgrade of Nigeria’s manufacturing sector is at the heart of a new economic partnership between Nigeria and China, the outgoing Consul General of China in Lagos, Ms Yan Yuqing, has said. Yuqing disclosed this at a reception marking the 77th anniversary of the founding of the People’s […]
Manufacturers shouldn’t remain in survival mode, resilience’s no virtue —MAN DG
By Yinka Kolawole In a recent engagement with the media on the state of Nigeria’s manufacturing sector, Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, spoke on factors that continue to constrain manufacturers, warning that their prolonged resilience could lead to incapacitation. Excerpts. Exchange rate as major cost pressure The exchange rate, currently […]
PenCom to commit N300bn into infrastructure investment
By Rosemary Iwunze The National Pension Commission, PenCom, said it is targeting a total capital commitment of N300 billion to deepen critical infrastructure investment across Nigeria, with actual asset deployments set to commence by the second quarter of 2027. Speaking to the media at the backdrop of the Pension Industry Leaders Council (PILC) meeting in […]
NEPC targets $10bn non-oil exports from S/W region by 2035
By Cynthia Alo & Kafayat Kokumo The Nigerian Export Promotion Council, NEPC, has said that it is targeting between $9 billion and $10 billion in non-oil exports by 2035 from the South-West region through increased agricultural production, value addition and export-oriented industrialisation. Regional Coordinator, Southwest, NEPC, Mr. Benedict Itegbe, disclosed this on Wednesday at the […]
FG slashes interest rate on late tax payment
By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy […]
